MKDWELL Files Landvision Audited Financials: $132M H1 Revenue, $238M Preliminary Goodwill
MKDW has more than doubled off its 52-week low of $1.71.
Summary
MKDWELL's 424B3 reveals Landvision's audited H1 2026 financials ($132.1M revenue, $1.58M profit) and a preliminary goodwill of $238.08M from the $240M all-stock acquisition, with pro forma combined results still showing a net loss.
Key Events · M&A and Partnerships · MKDW
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Landvision H1 2026 Financials Disclosed
Landvision Technology Limited reported audited revenue of $132.1M and net profit of $1.58M for the six months ended June 30, 2026, down from $151.5M revenue and $3.61M profit in H1 2025.
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Preliminary Goodwill of $238.08M
The $240M all-stock acquisition generates preliminary goodwill of $238.08M — 99.2% of the purchase price — since Landvision's identifiable net assets were only $1.92M. Final goodwill subject to purchase price allocation and annual impairment testing.
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Pro Forma Combined Still Loss-Making
Pro forma combined H1 2026 results show revenue of $133.6M but a net loss of $4.96M attributable to ordinary shareholders, with pro forma loss per share of $0.14 on 33.84M weighted-average shares.
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Lock-Up and Registration Overhang
86.7% of the 30M consideration shares are subject to staged lock-ups (20% released every 6 months through 24 months), while 4M shares are free-trading. MKDWELL must file an F-1 registration statement within 3 months of completion.
Analysis · MKDW · Manufacturing
This prospectus supplement provides the first detailed financial picture of the Landvision acquisition completed in August 2026. Landvision generated $132.1M in revenue and $1.58M in net profit for H1 2026, but the combined pro forma entity still shows a $4.96M net loss. The preliminary goodwill of $238.08M represents nearly all of the $240M purchase price, meaning the deal's value rests almost entirely on intangible assets subject to future impairment testing. The lock-up structure — 86.7% of consideration shares locked for up to 24 months — limits near-term selling pressure, but the commitment to file an F-1 registration within 3 months creates a defined overhang. The pro forma loss per share of $0.14 reflects the dilutive impact of issuing 30M shares to acquire a business that, while profitable, does not offset MKDWELL's own operating losses.
How filings like this one have moved
In the 30 days to Sep 12, 2026, 35.8% of the 1618 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.19%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MKDW was trading at $11.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $376.2M. The 52-week trading range was $1.71 to $12.94. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.